"I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison
Everyone will be effected in one way or another as we mainly contract and sell equipment. Even though I am salaried, I am essential support for the software I created and support. I would assume many of the managers might not be missed. The great thing is not being able to use the phone or email during the furlough for legal reasons. A break from calls I take on vacation.
When Donald Trump said to protest “peacefully”, he meant violence.
When he told protesters to “go home”, he meant stay for an insurrection.
And when he told Brad Raffensperger to implement “whatever the correct legal remedy is”, he meant fraud.
War is peace.
Freedom is slavery.
Ignorance is strength.
Collateral Damage (04-01-2020)
When Donald Trump said to protest “peacefully”, he meant violence.
When he told protesters to “go home”, he meant stay for an insurrection.
And when he told Brad Raffensperger to implement “whatever the correct legal remedy is”, he meant fraud.
War is peace.
Freedom is slavery.
Ignorance is strength.
Considering the paperwork to be filled out, the statements that need to be made, signed, and initialed (yes, I have already started on it) I'm sure if they do not use at least a part of the money as required, they won't be just walking away. These loans are for employers with less than 500 employees. Corporations with more than 500 are exempt, so I don't know what companies you think are going to do at that stage.
It's not 'free' money. No money is 'free'.
"I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison
I fully support whatever small to medium business's can get at the moment , to keep their crews and workers together.......my question is about the $ 500 billion that was allocated to big companies and corporations.......I hope they spend it wisely - that's a wait-and-see proposition . We been filling out similar paperwork here . I think when this is all over , the tax office will be auditing their guts out for a while , idenetifying anyone who pulled a rort .
Last edited by PJL; 04-01-2020 at 09:41 AM.
Peter1469 (04-01-2020)
They are straight out loans. I am sure the terms of those loans will have restrictions, but I don't have the time right now to hunt them down. Time is of the essence for the SBA 7(a) paperwork.
Section 4003 of the legislation accounts for $500 billion for “emergency relief and taxpayer protections.” Of that money, $50 billion would go to passenger airlines, $8 billion to cargo airlines, $17 billion for companies deemed important to national security, and $425 billion for businesses, cities and states.
"I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison
When Donald Trump said to protest “peacefully”, he meant violence.
When he told protesters to “go home”, he meant stay for an insurrection.
And when he told Brad Raffensperger to implement “whatever the correct legal remedy is”, he meant fraud.
War is peace.
Freedom is slavery.
Ignorance is strength.
Collateral Damage (04-01-2020)